Question

Chris invested $12,000 at a rate of 4%. How long should he leave his money invested

if he wants to earn interest of at least $1,000?
A 3 years
B 2 years
C 1 year
D 4 years

Answer 1

B

Explanation:

12000 x 4%

12000 x 4/100=480

1000/480=2.03

~2years